Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 54 , 01 December 2023
Open
Access | Article
The Mortgage-backed Securities Market in Hong Kong (China) and China
* Author to whom correspondence should be addressed.
Abstract
As asset-backed sercuritization developing not only in western countries but also in Asian countries and districts that have different capital market system and history, especially China, the mortgage backed sercuritization was considered as the most potential product in the ABS market, derived its own charm to attract investors because of the high yield and the policy supported. The study investigate the process of the MBS developing by comparing the history of the market under different types of capital environment and government involvement in the US, Hong Kong and China. The analysis was testified by policies and the roll up data from the market, the key points extracted from the timeline provided the different forms and potential risks of nowadays MBS. therefore, this paper overwhelmingly indicated investor’s possible concerns about the MBS market after the subprime crisis and other on-going recession of the mortgage market in certain countries, and would bring radical thinking about the process of future investment decision-making.
Keywords
mortgage-backed, Securities, captial environment, potential risks, investment decision - making
References
1. Centre for Asian Business Cases (CABC). Mortgage Securitization in Hong Kong and Asia. School of Business, the University of Hong Kong, 2001.
2. LaCour-Little, Michael, and Jing Yang. "Pay Me Now or Pay Me Later: Alternative Mortgage Products and the Mortgage Crisis." Real Estate Economics, vol. 38, no. 4, October 5 2010, pp. 687–732, https://doi.org/10.1111/j.1540-6229.2010.00280.x. Accessed September 15 2019.
3. Jacques, Stephen. "Securitization in Hong Kong". Global Securitization and Structured Finance, vol 1, no. 1, 2008, pp. 99–104.
4. Green, Richard et al. “Mortgage Securitization in Asia: Gains and Barriers.” 8th Annual East Asian Seminar on Economics Financial Sector Development in the Pacific Rim, June 12 2006 and Hong Kong, Publisher, 2007.
5. Chen, Shalin. “Chinese Mortgage Backed Security Pricing Model.” Dspace.mit.edu, 2017, dspace.mit.edu/handle/1721.1/113484. Chapter 5, 5.1.2. Accessed August 23 2023.
6. Zhou, Zhihua. “The Development of Mortgage Finance in China.” China Perspectives, vol. 2015, no. 4, December 1 2015, pp. 51–61. Accessed October 30 2019.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-155-1
- ISBN (Online)
- 978-1-83558-156-8
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/54/20230896
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited